Understand the facts around a loan commitment letter and how to use one to win a bidding war to buy a home The home buying market is hot and you’re locked in a bidding war for your dream house. You put in an offer that’s a few thousand above the rest and expect to win out…and then find out the seller picked someone else! What gives? It might be that the other buyer had a loan … [Read more...]
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What To Look For In A Mortgage Company
Getting a mortgage is one of the most important decisions that you have to make. Like most people, buying a home is exciting and nerve-wracking at the same time. There are many important factors to consider when purchasing a home. You need to consider what kind of property will fit your budget, the terms and conditions of a loan, your capability to repay your mortgage, and more. What most home … [Read more...]
5 Websites to Get a Car Repair Loan on Bad Credit
Alternatives to car repair loans and how to find the best rates even on bad credit. According to AAA, the average American pays $1,120 a year in car repairs and maintenance...and much of that comes at the worst possible time. Your car never breaks down after getting your tax refund or when that occasional third-payday of the month hits your account. The shakes and shimmies never appear when … [Read more...]
Why Was My Loan Denied? [and How to Get Approved]
Understanding the reasons borrowers are denied loans will give you the tools you need to get approved fast More than one-in-ten applications for a mortgage get denied and a quarter of those for refinancing are rejected. For some groups, the loan denial rate is as high as 40% according to the Bureau of Consumer Financial Protection. But the reasons for denying a loan aren’t the same for all … [Read more...]
5 Safer Alternatives to Reverse Mortgage Funding
Reverse mortgage funding may sound like a good idea but these five alternatives will save you thousands and protect your home One of the biggest decisions as you head into retirement is where you’re going to live. You’re probably looking at lower income for the next few decades and may not be able to afford your monthly mortgage payments. Then you see your old pal Alex Trebek on TV, talking … [Read more...]
